Elon Musk Began Buying Twitter Shares In January: How He Built His Stake (Graph)

Tesla Inc. TSLA CEO Elon Musk first bought shares in Twitter Inc. TWTR on Jan. 31, according to a U.S. Securities and Exchange Commission filing.

Musk has spent nearly $2.65 billion to buy Twitter shares in frequent tranches, spread over 43 days, a 13D filing with the SEC showed.

 How Elon Musk Built His Twitter Stake This Year. File Photo: Neer Varshney/Benzinga

The 13D filing, following the 13G filing — made by investors who intend to take a passive role — in a span of two days, shows Musk intends to take a more active role in Twitter. 

The Tesla and SpaceX CEO was appointed to Twitter’s board of directors on Tuesday, according to an 8-K SEC filing.

The filing also follows a Reuters analysis that said Musk could face regulatory ire for filing incorrect paperwork and missing a key disclosure deadline.

Musk now owns a 9.2% stake in Twitter and has teased that he would be actively pushing for changes at the social media company, including a possible inclusion of an “edit button” on its platform. 

Twitter users are also calling on him to take action against pervasive Bitcoin BTC/USD and Dogecoin DOGE/USD scams on the platform.

Price Action: Twitter shares closed 2% higher at $50.98 on Wednesday, according to data from Benzinga Pro.

Photo: Courtesy of Steve Jurvetson via Flickr